Forterra (FRTA) to Release Quarterly Earnings on Monday

Forterra (NASDAQ:FRTA) will issue its quarterly earnings data after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of $0.03 per share for the quarter.

Forterra (NASDAQ:FRTA) last posted its quarterly earnings results on Monday, May 6th. The construction company reported ($0.39) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.54) by $0.15. Forterra had a negative net margin of 1.99% and a negative return on equity of 26.15%. The business had revenue of $291.90 million for the quarter, compared to analysts’ expectations of $275.84 million. During the same period in the prior year, the company posted ($0.31) EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts expect Forterra to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ:FRTA opened at $6.45 on Friday. The firm has a market cap of $414.74 million, a PE ratio of -14.66 and a beta of 2.17. Forterra has a fifty-two week low of $3.25 and a fifty-two week high of $10.06. The stock’s fifty day moving average is $5.54. The company has a debt-to-equity ratio of 15.85, a quick ratio of 1.14 and a current ratio of 2.57.

A number of equities research analysts recently commented on the stock. BidaskClub raised shares of Forterra from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 23rd. ValuEngine raised shares of Forterra from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays set a $6.00 price objective on shares of Forterra and gave the company a “hold” rating in a research note on Wednesday, May 8th. Finally, Zacks Investment Research cut shares of Forterra from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $7.00.

Forterra Company Profile

Forterra, Inc manufactures and sells pipe and precast products the United States, Canada, and Mexico. It operates through Drainage Pipe & Products; and Water Pipe & Products segments. It offers concrete drainage pipes used for storm water applications, residential and non-residential site developments, sanitary sewers, low-pressure sewer force mains, tunneled systems, treatment plant piping, and utility tunnels.

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Earnings History for Forterra (NASDAQ:FRTA)

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